[quote=VituVingiSana]Please note, these are MY views. Do your own research. Read. Read. Read. There are a lot of free resources starting with KenRe's FY18 annual report and investor presentation. IFRS17 is also available online. Read it and try to understand it. There will be "negative" short-term repercussions on the reporting aspect from both IFRS9 and IFRS17. HY19 results are expected by Sep 2019.

Please share your thoughts in a coherent manner. That's what improves the quality of discussions.

KenRe has been a core holding but it requires research updates.

After a lot of research, in my own way, including driving out to Vipingo numerous visits to Two Rivers, looking at the shelf space Coke commands in Naivas/Tuskys/Carrefour/kiosks, reading the reports from brokers, annual report, investment presentaion, etc; I finally chose to make Centum a core holding too.

KenRe is far more complex in that it doesn't deal with the public. Therefore, it is not as easy to assess its "popularity" therefore I am not blindly supporting KenRe just because I have KenRe shares.

I didn't want to see the obvious signs in a failing KQ but when it finally dawned on me, I bailed out. It was not easy but necessary.

Therefore, I want to keep my mind open about KenRe but think of it as a long-term investment. Thinking "long-term" has served me well. For those who "trade" that's good for you. It's not what I do well. I do not know when to sell.

I do not expect a call for cash (Rights Issue) in the near future but will get a dividend for FY18 which I may use to buy more KenRe given it trades at 50% of its cash holdings.

KenRe has zero net debt. This is very important in a tough operating environment. Cash-rich firms can take losses for 1-2 years while the sector consolidates.

Nevertheless, I remain open to selling out if there is a drastic, and unpleasant change, in the management. GoK remains the biggest risk.

I believe the long-term effect from applying IFRS9 and IFRS17 is positive as it forces the Management to look at improving the processes behind their assessment of risk and prices risk better.

Another benefit is looking at the Receivables and forcing a hard look at debtors. We see the benefits trickling in for banks after IFRS9 came in.

For those on the "bus" with me; let's enjoy the ride!

NSE sent out a copy of the Financial Statements on 29th March. Ask your broker or @pesanane for help. I do not know how to upload it onto Wazua. Sorry.

It's not 89%. Please discuss Centum on Centum's page

The tenure of the Chairman David Kibet Kemei ends next year having completed two terms of 3 years each

I really like that his looting scheme was never successful!!!